Piper Sandler Companies (NYSE:PIPR) Posts Earnings Results, Beats Estimates By $1.42 EPS

Piper Sandler Companies (NYSE:PIPRGet Free Report) posted its earnings results on Friday. The financial services provider reported $4.03 earnings per share for the quarter, topping analysts’ consensus estimates of $2.61 by $1.42, Briefing.com reports. The business had revenue of $457.39 million for the quarter, compared to analyst estimates of $370.12 million. Piper Sandler Companies had a net margin of 5.64% and a return on equity of 12.38%. Piper Sandler Companies’s revenue was up 17.0% on a year-over-year basis. During the same quarter in the prior year, the firm posted $3.33 EPS.

Piper Sandler Companies Trading Up 7.6 %

NYSE:PIPR opened at $190.76 on Friday. Piper Sandler Companies has a 12 month low of $120.97 and a 12 month high of $192.67. The stock has a market cap of $3.38 billion, a price-to-earnings ratio of 38.62 and a beta of 1.41. The company has a 50-day moving average price of $171.71 and a 200-day moving average price of $162.60. The company has a current ratio of 1.33, a quick ratio of 0.63 and a debt-to-equity ratio of 0.10.

Insider Buying and Selling at Piper Sandler Companies

In other news, President Debbra L. Schoneman sold 5,000 shares of the business’s stock in a transaction that occurred on Monday, December 4th. The stock was sold at an average price of $160.56, for a total value of $802,800.00. Following the completion of the sale, the president now directly owns 19,971 shares in the company, valued at $3,206,543.76. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In other news, President Debbra L. Schoneman sold 5,000 shares of the business’s stock in a transaction that occurred on Monday, December 4th. The stock was sold at an average price of $160.56, for a total value of $802,800.00. Following the completion of the sale, the president now directly owns 19,971 shares in the company, valued at $3,206,543.76. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, President Debbra L. Schoneman sold 950 shares of the business’s stock in a transaction that occurred on Friday, December 15th. The stock was sold at an average price of $180.12, for a total value of $171,114.00. Following the sale, the president now owns 14,021 shares of the company’s stock, valued at $2,525,462.52. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 6,154 shares of company stock valued at $1,008,602. 3.32% of the stock is owned by company insiders.

Institutional Trading of Piper Sandler Companies

Several large investors have recently made changes to their positions in the company. BlackRock Inc. increased its position in shares of Piper Sandler Companies by 0.5% during the first quarter. BlackRock Inc. now owns 2,494,228 shares of the financial services provider’s stock worth $327,369,000 after purchasing an additional 11,450 shares in the last quarter. Vanguard Group Inc. increased its position in shares of Piper Sandler Companies by 0.9% during the first quarter. Vanguard Group Inc. now owns 1,778,203 shares of the financial services provider’s stock worth $233,389,000 after purchasing an additional 15,850 shares in the last quarter. State Street Corp grew its holdings in Piper Sandler Companies by 4.1% in the 2nd quarter. State Street Corp now owns 595,959 shares of the financial services provider’s stock valued at $77,034,000 after buying an additional 23,704 shares in the last quarter. Dimensional Fund Advisors LP grew its holdings in Piper Sandler Companies by 0.4% in the 1st quarter. Dimensional Fund Advisors LP now owns 485,318 shares of the financial services provider’s stock valued at $63,700,000 after buying an additional 1,895 shares in the last quarter. Finally, Stephens Investment Management Group LLC grew its holdings in Piper Sandler Companies by 2.4% in the 2nd quarter. Stephens Investment Management Group LLC now owns 446,773 shares of the financial services provider’s stock valued at $57,750,000 after buying an additional 10,433 shares in the last quarter. 67.23% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

PIPR has been the topic of a number of research analyst reports. Northland Securities lowered shares of Piper Sandler Companies from an “outperform” rating to a “market perform” rating in a report on Tuesday, December 19th. The Goldman Sachs Group increased their price target on shares of Piper Sandler Companies from $171.00 to $193.00 and gave the stock a “buy” rating in a report on Tuesday, December 19th. Finally, JMP Securities reissued a “market perform” rating on shares of Piper Sandler Companies in a report on Wednesday, January 10th.

View Our Latest Stock Report on Piper Sandler Companies

Piper Sandler Companies Company Profile

(Get Free Report)

Piper Sandler Companies operates as an investment bank and institutional securities firm that serves corporations, private equity groups, public entities, non-profit entities, and institutional investors in the United States and internationally. It offers investment banking and institutional sales, trading, and research services for various equity and fixed income products.

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Earnings History for Piper Sandler Companies (NYSE:PIPR)

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